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2022
Exports $10.9MWorld Rnk 26 / 122
Flag Rnk 622 / 1198
2022
Destination $3.5M Indonesia
2021 - 2022
FASTEST GROWING MARKET $3.5MIndonesia
2022
PRODUCT COMPLEXITY IN Steam Turbines0.39Rnk 412 / 1025
2022
Imports $64.1MWorld Rnk 17 / 191
Flag Rnk 462 / 1203
2022
Origin $13.5M Poland
2021 - 2022
FASTEST GROWING ORIGIN $13.5MPoland
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $10.9M in Steam Turbines, making it the 26th largest exporter of Steam Turbines in the world. At the same year, Steam Turbines was the 622nd most exported product in Malaysia. The main destination of Steam Turbines exports from Malaysia are: Indonesia ($5.4M), Cote d'Ivoire ($795k), Guatemala ($397k), Colombia ($349k), and Singapore ($328k).

The fastest growing export markets for Steam Turbines of Malaysia between 2021 and 2022 were Indonesia ($3.5M), Cote d'Ivoire ($776k), and Canada ($302k).

Imports In 2022, Malaysia imported $64.1M in Steam Turbines, becoming the 17th largest importer of Steam Turbines in the world. At the same year, Steam Turbines was the 462nd most imported product in Malaysia. Malaysia imports Steam Turbines primarily from: Poland ($14.2M), China ($13.5M), Japan ($8.01M), Belgium ($7.55M), and France ($6.21M).

The fastest growing import markets in Steam Turbines for Malaysia between 2021 and 2022 were Poland ($13.5M), Belgium ($6.87M), and China ($6.76M).

Latest Trends

June 2024

About

Overview In June 2024 Malaysia's Steam Turbines exports accounted up to MYR5.28M and imports accounted up to MYR15.8M, resulting in a negative trade balance of MYR10.5M. Between June 2023 and June 2024 the exports of Malaysia's   Steam Turbines have decreased by MYR-3.78M (-41.7%) from MYR9.06M to MYR5.28M, while imports increased by MYR2.64M (20%) from MYR13.2M to MYR15.8M.

Destinations In June 2024, Steam Turbines were exported mostly to Cote d'Ivoire (MYR1.88M), Norway (MYR1.54M), Indonesia (MYR1.27M), Thailand (MYR241k), and Guatemala (MYR117k), and were imported mostly from Germany (MYR10.1M), Japan (MYR3.78M), China (MYR790k), Singapore (MYR544k), and India (MYR429k).

Growth In June 2024, the decrease in Steam Turbines's year-by-year exports was explained primarily by a decrease in exports to Thailand (MYR-25.8k or -51.8%). In June 2024, the increase in Steam Turbines's year-by-year imports was explained primarily by an increase in imports from United States (MYR1.67M or 385%), India (MYR1.54M or 150%), and Japan (MYR985k or 35.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)MYR-3.78M(-41.7%)
IMPORT GROWTH (June 2023 - June 2024)MYR2.64M(20%)
MAIN DESTINATION (June 2024)Cote d'IvoireMYR1.88M

This section shows Steam Turbines's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Steam Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.9M
IMPORTS (2022)$64.1M
NET TRADE (2022)-$53.2M

In 2022, Malaysia exported $10.9M in Steam Turbines. The main destinations of Malaysia exports on Steam Turbines were Indonesia ($5.4M), Cote d'Ivoire ($795k), Guatemala ($397k), Colombia ($349k), and Singapore ($328k).

In 2022, Malaysia imported $64.1M in Steam Turbines, mainly from Poland ($14.2M), China ($13.5M), Japan ($8.01M), Belgium ($7.55M), and France ($6.21M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Steam Turbines EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Indonesia$3.5M (185%)
Cote d'Ivoire$776k (4.07k%)
Canada$302k (27.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Steam Turbines BY Malaysia WERE (2021 - 2022):
China-$2.42M (-97.8%)
United States-$532k (-91.4%)
Brunei-$312k (-60.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Steam Turbines were:
Japan $678M
Germany $516M
China $502M
In 2022, Malaysia's main importing competitors in Steam Turbines were:
Indonesia $262M
United States $211M
Bangladesh $188M

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Trade Value of Steam Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $1.35M
TOP IMPORT POTENTIALIndia+ $1.73M

Steam Turbines’s highest export potential is Indonesia. With an export gap of $1.35M.   Steam Turbines’s highest import potential is India with an import gap of $1.73M.

See methodology.

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